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The Bank of Fayetteville is offering a lot more than free checking. As of today (1/31/2009), the bank is offering a sky high interest rate of 4.00% APY on balance of up to $50,000. 0.50% APY is paid on all balances over $50,000.

Here’s what you have to do to qualify –

Must have at least $100 to open up the account.

Make at least 10 VISA CheckCard transactions per month.

Make 1 direct deposit or ACH/Electronic payment.

You have to receive an E-statement.

If you don’t meet all of these requirements monthly, you get a 0.15% APY on your account.

The checking account features –

ATM refunds up to $25 per statement cycle.

$1000 overdraft privilege*

Unlimited check writing.

24-hour telephone banking.

Free online bill pay and banking.

Free VISA CheckCard/ATM Card.

Bank of Fayetteville has a 3 star / 5 star Bankrate.com safe and sound rating. For more information, visit BOF.com.

A penalty of 180 days of interest on the account withdrawn may be imposed for withdrawals before maturity. In addition, an early withdrawal penalty in the amount of $200 will be assessed for the cost of the TV.

You must maintain your primary checking account and conduct an average of 15 transactions a month or at least $250 in recurring ACH transactions per month to qualify for the loyalty rate.

Flagstar will issue a 1099 for the value of the TV.

For more information on this deal, call 1-800-642-0039 and mention the HDTV newspaper ad. This isn’t online but here is a screenshot from the local paper here in Michigan –

When you think of H+R Block, you probably think about tax services but did you know they have a bank section as well and their CD rates actually aren’t that bad! In fact, some of them fall into the Gotalkmoney.com top ten charts.

Here are the rates as of 1/29/2009 –

3 month: 2.50% APY

6 month: 2.85% APY

12 month: 3.25% APY

18 month: 2.75% APY

24 month: 3.50% APY

36 month: 4.00% APY

48 month: 3.50% APY

60 month: 4.25% APY

All of H+R Bank CDs require a $250 minimum top open. Interest earned on a CD can be paid monthly, quarterly or upon maturity at the customer’s option. All CDs are FDIC insured (up to $250k)

If you’re in the market for a high yield checking account, you’ll want to check out Coulee Bank’s 5.01% APY checking deal for balances up to $25,000 (as of 1/28/09). In addition to this account, you also receive up to $20 in ATM fees refunds per month. This isn’t bad if you ask me!

To qualify for this account, you must –

Make at least 10 debt card POS transactions per “cycle”.

You must receive e-statements.

You have to set up at least one direct deposit or one auto debit monthly.

The defintion of “cycle” starts on the last business day of a month and ends on the second to last business day of the next month. All requirements much be complete and posted in that cycle to be considered for the 5.01%. If you don’t meet the requirements, you receive the lower rate or .30%.

This account has no monthly fees and no minimum balance. If your account is above $25,000, you’ll get a 1.01% APY. Must have at least $50 to open up an account. Personal accounts only. This account is FDIC insured and has a 4 star out of 5 star Bankrate.com safe and sound rating.

Bank rates
provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates

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This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.